| The rise in sales and profit were aided by 51 per cent surge in branded packaged foods sales, 55 per cent rise in biscuit sales, and 51 per cent rise in sales of confectionery brands such as Candyman and Mint-o. |
| The company said in a release stated that non-cigarette businesses now accounted for 52 per cent of its turnover, which surged 26 per cent to Rs 12,369 crore in FY07 from Rs 9,790 crore in FY06. |
| Non-cigarette revenues grew by 37 per cent during the year, while pre-tax profit increased by 20 per cent to Rs 3926 crore from Rs 3269 crore in 2005-06. |
| Earnings per share was Rs 7.19 against Rs 6.08 in 2005-06. The company has proposed a dividend of Rs 3.10 on each share of Re 1, entailing a total cash outflow of Rs 1364 crore. |
| ITC also announced the setting up a strategic business unit (SBU) for 'home and personal care products', as part of the FMCG portfolio, which make it a competitor of companies such as Hindustan Unilever and Proctor & Gamble. |
| Analysts here said the company improved its earnings because losses were brought down in its non-cigarette FMCG businesses, while agri-business revenues were enhanced. |
| The hotels division did much better while the paperboards, packaging and paper arms enhanced its sales of value-added items and improved margins. |
| Most importantly, the cigarettes business reported higher PBIT of Rs 3172 crore on sales of Rs 12833 crore in 2006-07 against PBIT of 2708 crore on sales of Rs 11329 crore in FY 2005-06. |
| In the fourth quarter ended Match 31, 2007, net turnover rose 24 per cent to Rs 3466 crore against Rs 2784 crore in Q4 of 2005-06, while PAT rose to Rs 650 crore or 18 per cent after adjusting for income tax refunds (from Rs 567 crore in Q4 of FY 2005-06). |
| The lifestyle retailing business reported 52 per cent rise in sales while stationery sales doubled during FY 2006-07 the safety matches business recorded robust growth too. |
| Cigarette sales rose 7 per cent in volume terms in 2006-07 to Rs 12,833 crore from Rs 11,329 crore in 2005-06, driven by a new IT-enabled Six Sigma-based product development process which enabled the implementation of projects related to pack modernisation, development of limited editions and the introduction of 'Silk Cut' in the King Size and Regular Filter formats in the higher margin premium categories. |
| Revenues from the hotels business surged 26 per cent to Rs 986 crore thanks to better room rates, improved occupancies and food & beverage sales. |
| As a result, PBDIT from hotels grew 28 per cent in FY 2006-07 to Rs 418 crore and PBIT to Rs 351 crore, up 36 per cent over 2005-06. |
| Revenues from the paperboards, specialty paper and packaging segment grew 11 per cent to Rs 2100 crore in 2006-07, while PBIT rose 19 per cent to Rs 416 crore in 2006-07 from Rs 351 crore in 2005-06, on the back of higher production at 390,458 tonnes against 365,819 tonnes in 2005-06. |
| Agri-business division revenues rose 38 per cent driven by soya and rice exports and leaf tobacco, to Rs 3691 crore in Fy 2006-07 from Rs 2678 crore in 2005-06 even as the e-choupal network was further scaled up to 6400 choupals covering over 3.5 million farmers in 38,500 villages in Madhya Pradesh, Uttar Pradesh, Haryana, Uttaranchal, Rajasthan, Maharashtra, Karnataka, Andhra Pradesh and Kerala backed by 18 rural retail outlets called 'Choupal Saagars' in Madhya Pradesh, Maharashtra and Uttar Pradesh. |
| On a consolidated basis, ITC reported a Rs 460 crore rise in net profit at Rs 2755 crore. Profit before tax and exceptional items rose Rs 712 crore to Rs 4049 crore in 2006-07 from Rs 3377 crore in FY 2005-06. |
| Earnings per share in FY 2006-07 touched a record Rs 7.33 per share in FY 2006-07 from Rs 6.24 per share in the preceding fiscal. |
| The difference in the turnover and profit figures in the results of ITC and the consolidated figures are represented by the workings of its 19 subsidiaries. |
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